The most beneficial factors of starting a business in Cyprus

Why should I incorporate a company in Cyprus?

Companies in Cyprus enjoy a variety of benefits. These include low tax rates and access to numerous double taxation agreements.

Cyprus economic stability and European Union membership have made the island an attractive destination for international investors. The small but busy island offers a variety of business opportunities for both EU citizens and non-EU citizens wishing to invest or work there.

Cyprus benefits from numerous investors from all over the world due to its economic stability and its membership in the EU. The island offers entrepreneurs a variety of business opportunities. Regardless of whether you want to settle down there or have employees work as expatriates. With low tax rates and access to double tax treaties, incorporating a company in Cyprus offers many benefits.

When is it advisable to incorporate a company in Cyprus?

Cyprus has introduced many tax incentives in recent years to attract foreign investors. The government has also introduced various programs that allow investors to obtain citizenship and new residency. Immigrants applying for Non-Dom status in Cyprus are exempt from paying taxes on dividends and equity gains for 17 years. The prerequisite is that you stay in Cyprus for 60 days (when setting up a business) or 183 days (for other stays). However, they are not exempt from the GESY levy (a tax levied by the government).

Investment opportunities

Cyprus is a country with many investment opportunities. The Cyprus real estate market offers great potential for anyone looking to invest. It is also an attractive travel destination because of its European flair! Plus, it’s warm all year round, even in winter! The shipping industry is also growing due to the increasing demand for ships around the world.

So, there are opportunities waiting for you in the gas, farming and fishing industries.

Low corporate tax rate

The corporate tax rate in Cyprus is one of the lowest in Europe, making it an attractive place to set up a business. If certain conditions are met, Cyprus not only offers full tax exemption on dividends and capital gains, but also on withholding tax!

The island nation of Cyprus has a huge advantage for corporate profits due to its territorial tax regime. Only local income is taxed. This has many advantages for companies that want to register their headquarters or branch there. Cyprus is connected to over 60 countries around the world through double tax treaties!

A European entry ticket

There is no language barrier

Cyprus is home to the most English-speaking people in Europe. The island also has a thriving expat community.

Cypriots have a sophisticated and cosmopolitan vibe that is rare in the Mediterranean. The high level of education on the island ensures top quality service providers and makes the island an ideal place!

The quality of life is high!

The cost of living in Cyprus is among the lowest in Europe.

Cyprus is a country that has experienced great economic growth in recent years. Its modern infrastructure and telecommunications make it an excellent choice for emigration. The island was recently named the 5th best place to live by one of the world’s most prestigious property advisory firms!

The amenities and high standard of living in Cyprus attract a large number of people. That’s why it has one of the largest foreign populations in Europe, at almost 20%!

The business structure in Cyprus

Cyprus is the perfect place to start your business as it meets the highest standards in Europe. You can comply with EU legislation while maintaining tax efficiency, making Cyprus a prime location for entrepreneurs!

It’s a great country for anyone looking to reduce and optimize their tax liability. There are four main types of corporate structures that can help with this:

• A Cypriot company
• Companies with a foreign branch
• Partnerships
• One-man business

Conclusion: Everyone will find something in Cyprus!

The country of Cyprus has so many advantages! Prices are low, the weather is kind and communication is easy. This could be a great place to start a business or invest in a property with potential ore deposits.

Because it has become such a famous place in recent years, many different cultures can be found on the island. Cyprus is not only suitable for holidays, but definitely also for starting your business. The Non-Dom status also makes it easier for newcomers to come to the island, settle in and find work!